A federal judge denied the FTC’s request to block Meta from acquiring virtual-reality startup Within Unlimited.
According to sources, U.S. District Judge Edward Davila, in a sealed court decision, denied the FTC’s request for an injunction to block the deal. Meta announced its plans to acquire Within Unlimited in 2021.
- The ruling is a significant blow to the FTC as the federal agency aims to curb the dominance of big tech companies.
- The FTC could still try to block the acquisition through a separate lawsuit filed in its in-house administrative court.
- The trial for the suit is set to begin on Feb. 13.
- Judge Davila granted a temporary restraining order to prevent Meta from closing the transaction for another week, giving the federal regulator some time to determine its next steps.
- Meta and the FTC are locked in another antitrust case where the federal agency accuses Meta’s Facebook unit of abusing its monopoly position in social media.